Yao Ming’s Private Equity Fund Invests In Kickboxing Firm Glory Sports

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Yao Capital, a RMB2 billion private equity firm founded by former NBA superstar Yao Ming, has led an undisclosed series B financing round in Glory Sports International (GSI) and acquired a significant stake in the company, according to a company announcement.

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Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.